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New 2021 Loan Limits in Raleigh, North Carolina and all of North Carolina

In 2021 there will be new Fannie Mae and Freddie Mac Loan Limits (a.k.a. Conforming Loan Limits). Oh by the way, Fannie Mae and Freddie Mac home loans are referred to as ‘Conforming Loan’ because they conform to the Fannie Mae and Freddie Mac guidelines.  In addition there will be new loan limits for FHA Home Loans too in 2021.  

Conforming NEW Mortgage Limits for 2021

North Carolina has 100 counties.  Raleigh, North Carolina is in Wake County and the new conforming loan limits for 2021 for a single-family home (a.k.a. one-family or one-unit) in Wake County and the Triangle area will be $584,250.  There are 3 counties in North Carolina which are considered high costs.  For more information about the new conforming loan limits check out episode 114 of the Martini Mortgage Podcast.

FHA (Federal Housing Administration) NEW Mortgage Limits for 2021

Due to the growth in home price appreciation the FHA has increased the loan limits for most of the counties in North Carolina.  See the carousel below for the county limits for Wake, Chatham, Durham, Harnett & Johnston. 

Buying a Home, Things to Consider

If you are a first-time homebuyer, a repeat homebuyer or work in the real estate arena this podcast episode is for you.   Chief Mortgage Strategist Kevin Martini curated this Martini Mortgage Podcast episode to simply explain the housing market and the process of getting a mortgage and to introduce a free resource which is referred to as  The Winter 2021 edition of the Martini Buyer Guide (a.k.a. Things to Consider when Buying a Home).

Kevin Martini

Kevin Martini is the founder of the Martini Mortgage Group; Branch Manager and Senior Mortgage Strategist with Cardinal Financial Company; a husband to a magnificent lady who was his high school sweetheart; a father of 2 amazing men; a son to tremendous parents; a grandfather to beautiful grandchildren; a loyal friend; a trusted and experienced advisor to the families he serves.

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